GAGIK MINASYAN: ARMENIAN ECONOMY COMING OUT OF CRISIS
Nvard Davtyan

"Radiolur"
30.04.2010 16:20

Proceeds of Armenian state budget in the first quarter, 2010, increased
17% and made 164.1bln AMD, Chairman of Standing Parliamentary Committee
on Financial-Credit and Budgetary Affairs Gagik Minasyan told a press
conference today.

"The expenses in the accounting period increased 10%, making 170.1bln
AMD. The deficit of the budget made 6bln AMD, while the planned one
for the first quarter was at the level of 38bln AMD.

"If we compare the state budget of Armenia with the pre-crisis period,
in the first quarter, 2010, there was a 6% increase of incomes and a
22% increase of expenses registered," Gagik Minasyan said. According
to him, this evidences that the Armenian economy is gradually coming
out of the crisis.